"Despite the stock market's incredible September surge, IPO season has been relatively tame, at least compared to the first half. Undoubtedly, it may come as a bit of a surprise to some to witness StubHub (NYSE:STUB) dropping immediately out of the gate, especially when you consider the secular trends surrounding live experiences. Either way, I think the initial disappointment could set the stage for a shining buying opportunity at some point down the road."
"In any case, we'll look at some September IPOs that I think can keep up their impressive pace as they hit the ground running. As always, the IPO scene tends to boom and bust quite quickly, so extreme volatility and near-term downside risks are a given. While I'm not the biggest fan of getting a share of an IPO in its first few trading weeks, I do think the new issues are worth monitoring."
The stock market experienced a strong September surge while IPO issuance remained muted compared with the first half of the year. StubHub opened weakly despite favorable secular trends for live experiences, creating a potential buying opportunity for patient investors. IPOs tend to boom and bust quickly, producing extreme volatility and notable near-term downside risks. New issues can merit monitoring and selective purchases via limit orders because of wide price swings. Pattern Group debuted with shares roughly 20% above its opening-day close, presenting an AI-focused opportunity trading at a mild premium to the IPO price and positioned to expand AI capabilities with public capital.
Read at 24/7 Wall St.
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